SOLD
Devin Stevens Acquires South Los Angeles Multifamily For $1.1M
324 West 51st Street
MultiFamily
3,916 SF
3,916 SF
Sold 1 year ago
Summary
Sale
CALIFORNIA
MultiFamily
3,916 sqft
A multifamily property located at 324 W. 51st St. in South Los Angeles has been sold for $1,095,000. The property consists of 4 units with a total square footage of 3,916. The sale price per unit is $273,750, and the price per square foot is $279. The transaction took place on October 29, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,095,000
- Address: 324 W. 51st St.
- Market: South Los Angeles
The buyer of the property is Devin Stevens, while the seller is Fred Shadpour. The deal was facilitated by brokers Filip Niculete, Glen Scher, and Jordan Epstein from the LAAA Team at Marcus & Millichap.
The property, which is fully vacant, presents an opportunity for value-add investment. It will be delivered with RTI (Ready to Issue) plans to remodel the existing units and build 2 additional dwelling units (ADUs). The transaction was closed at the list price.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: Glen Scher, Filip Niculete & Jordan Epstein
DATE: 10/29/2021
ADDRESS: 324 W. 51st St.
MARKET: South Los Angeles
ASSET TYPE: Multifamily
BUYER: Devin Stevens
SELLER: Fred Shadpour
BROKER: Filip Niculete (@FNiculete), Glen Scher (@ScherGlen) & Jordan Epstein (@Spawlding) (LAAA Team) (@LAAATeam) - Marcus & Millichap
SALE PRICE: $1,095,000
UNITS: 4 ~ PPU: $273,750
SF: 3,916 ~ PPSF: $279
NOTE: 4 Units. South LA
Closed at List Price
Fully Vacant. Value Add
Delivered with RTI Plans to Remodel Current Units & Build 2 ADUsView on map
Loading...
Address324 West 51st Street
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want